Feb 4 (Reuters) – Voice-cloning AI startup ElevenLabs has secured an $11 billion valuation after raising $500 million in its latest funding round, the Wall Street Journal reported on Wednesday. The company generated $330 million in annual recurring revenue last year, with hopes to double that figure this year, CEO Mati Staniszewski told the Journal. The latest round more than triples the company's $3.3 billion valuation from January 2025, when ElevenLabs raised $180 million. The Series D funding was led by Sequoia Capital, the Journal said on Wednesday. (Reporting by Utkarsh Shetti in Bengaluru; Editing by Shreya Biswas)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
